US Logistics Solutions files for liquidation, with significant job losses
UPDATED 26.06.24 TO INCLUDE TEN OAKS STATEMENT US Logistics Solutions, formerly known as Forward Air Solutions, ...
Creditors of Hyundai Merchant Marine (HMM) today rejected a rescheduling of the troubled shipping company’s debt, pushing it to the verge of bankruptcy.
A statement released by HMM and its main creditor, state-owned Korea Development Bank (KDB), said that despite the creditors’ rejection of debt rescheduling ...
Bad news for shippers as wave of transpacific rate increases continues
No deals with carriers, say Houthis – Red Sea safe for non Israel-affiliated ships
Rapid transpacific capacity build-up continues – can USWC ports handle it?
Schenker's Shirley Sharma Paterson moves to K+N as global head of sales
Red Sea crisis has driven most new capacity into extended Asia-Europe trades
Carriers on the hunt for open tonnage again as transpacific rates soar
Dates to watch for in the latest chapter of TACO's tariff travail
Comment on this article
John
March 17, 2016 at 3:10 pmThis is really big news.
I bet shippers all over the world are cancelling their HMM bookings right now.
Former HMM employee
March 25, 2016 at 8:27 pmI saw this coming long ago mostly brought on by bad decisions by arrogant upper management that wouldn’t listen to sound advise by subordinates. That, as well as waste and abuse by company managers, directors and above of funds through extravagant personal expenditures charged to the company.